The conveyancer who helped my last purchase has given a fee estimate £1350 for fixed fee conveyancing in Southampton. I’m looking to sell a Victorian detached home for £300,000. This sounds expensive. Is it above the norm for conveyancing in Southampton?
The charges are a tad high. If you shop around you might shave off some of the expense by perhaps £125. That being said, you couldcome to regret opting for an a cheaper lawyer. Don't forget to enquire the firm can also act for your lender. You can utilise our search tool to choose a Southampton conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Southampton.
Our son-in-law is buying a house that has just been built in Southampton with a home loan from Co-operative. His lawyer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Co-operative conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Co-operative conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I have justfound out that Stirling Law have been shut down. They carried out my conveyancing in Southampton for a purchase of a leasehold flat 9 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?
The quickest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Southampton conveyancing specialists.
How does conveyancing in Southampton differ for newly converted properties?
Most buyers of new build or newly converted property in Southampton contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is constructed. This is because developers in Southampton usually buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Southampton or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one close by in Southampton I like with amenity areas and station in the vicinity, the downside is that it only has 51 years on the lease. There is not much else in Southampton for this price, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan the remaining unexpired lease term will be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
Hoping to buy a property located in Southampton and I am already nervous. I couldn't find anything specific about Southampton. Conveyancing will be needed in due course but do you know about the Southampton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Southampton. In the meantime here are some basic statistics that we found